May 19, 2010
Delaware Court of Chancery issues opinion regarding proposed merger between PLATO Learning, Inc. and Thoma Bravo, LLC
Reuters reports on the Delaware Court of Chancery's recent opinion regarding the proposed going-private merger between PLATO Learning, Inc. and Thoma Bravo, LLC. The court found that PLATO's proxy statement was materially misleading to company shareholders and enjoined the merger until PLATO makes corrective disclosures.
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